Aston Bay Holdings Ltd. pleased to present the preliminary interpretation of the initial results from geophysical activities currently underway at the Storm Copper Project on Somerset Island, Nunavut. The program is being conducted by American West Metals Limited, who is the operator of the Project. American West has completed the required expenditures to earn an undivided 80% interest in the Project.

American West will be solely responsible for funding the program. The 2024 high-powered Moving Loop Electromagnetic (MLEM) survey has already successfully identified numerous conductive anomalies throughout the Storm area, including multiple anomalies that are adjacent to known copper mineralization and are untested by drilling. PHASE 1 MOVING LOOP ELECTROMAGNETICS (MLEM) The high-powered MLEM survey is advancing rapidly and is initially being used to highlight the priority areas within the Storm area for expansion of the near-surface zones of higher-grade copper mineralization and to identify new targets for drilling .

The copper mineralization at Storm is dominantly chalcocite (a copper sulfide mineral with 79.8% Cu content), occurring as massive sulfides in breccias and veinlets. Minor chalcopyrite (copper sulfide with 34.5% Cu content) is present on the margins of the mineralized profiles. The contrast in conductivity between chalcocite and the highly resistive dolomite host rocks makes EM an effective targeting tool in this area.

The initial MLEM surveys at Storm have used 200m N-S line spacings, 100m sensor stations, and 200m x 200m loops. This configuration provides rapid coverage and is effective in defining the known near-surface high-grade copper mineralization at Storm. Approximately 22.7 line-kilometres ("km") of the proposed >50 line-km MLEM survey have been completed within the Storm area.

The initial survey lines broadly cover the southern graben area and around the Cyclone Zone, with the geophysical team working west along the major trend of the graben. Once the western portion of the survey is complete, the team will then work east, from the Chinook Zone, toward the Blizzard and Tornado Prospect areas. The initial survey data from the Cyclone area shows clear EM anomalies outside of the current copper resource envelope.

This data strongly suggests that the higher-grade copper mineralization is open and continues into these conductive areas. This interpretation is supported by drilling on the margins of the Cyclone Zone, which include intersections including 16m @ 3.07% Cu from 93m downhole (drillhole SROR1601D) and 10.2m @ 2.1% Cu from 17.3m and 5.8m @ 3.6% Cu from 38.6m downhole (drillhole ST99-53). Planned Program:RC drilling is in progress in the Storm area testing geophysical and resource targets.

The second RC drill rig is currently being mobilized to site. EM surveys are continuing at near-surface and deeper areas of interest within the Storm area. The surveys will then move to the Tornado and Blizzard copper prospect areas.

Planning is complete and preparations are underway for a broad range of environmental monitoring and survey activities during 2024. Studies are progressing on a range of beneficiation processing methods on a variety of mineralized material from the Cyclone and Chinook Deposits. Project development studies are continuing.

. The Nunavut property consists of 173 contiguous mining claims covering an area of approximately 219,257 hectares on Somerset Island, Nunavut, Canada. The Storm Project comprises both the Storm Copper Project, a high-grade sediment-hosted copper discovery (intersections including 110m @ 2.5% Cu from surface and 56.3m @ 3.1% Cu from 12.2m) as well as the Seal Zinc Deposit (intersections including 14.4m @ 10.6% Zn, 28.7g/t Ag from 51.8m and 22.3m @ 23.0% Zn, 5.1g/t Ag from 101.5m).

Additionally, there are numerous underexplored and undrilled targets within the 120-kilometre strike length of the mineralized trend, including the Tornado copper prospect where 10 grab samples yielded >1% Cu up to 32% Cu in gossans. The Nunavut property is now the subject of an 80/20 unincorporated joint venture with American West. American West completed a fixed loop electromagnetic (FLEM) ground geophysical survey in 2021 that yielded several new subsurface conductive anomalies.

A total of 1,534m were drilled in 10 diamond drill holes in the 2022 season, yielding several impressive near-surface intercepts including 41m @ 4.1% Cu as well as 68m of sulfide mineralization associated with a deeper conductive anomaly. In April 2022, results of beneficiation studies demonstrated that a mineralized intercept grading 4% Cu from the 4100N area could be upgraded to a 54% Cu direct ship product using standard sorting technology. Further beneficiation studies are ongoing.

In April 2023, American West embarked on a spring delineation drilling program using a helicopter-portable RC drill rig as well as conducting gravity and moving loop electromagnetic (MLEM) ground geophysical programs.